Sp 18 Acct 2020.004 &.005 Principles of Managerial Accounting Quiz: Ch 9 Qu This

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Sp 18 Acct 2020.004 &.005 Principles of Managerial Accounting Quiz: Ch 9 Qu This Question: 1 pt moatasim bin rokhees 4/1/18 6c36 PM Time Remaining: 00:58:34 Submit Quiz This Quiz: 18 pts possible January budgeted unit sales February budgeted unit sales March budgeted unit sales January February budgeted unit production March budgeted unit production Raw material required for each finished unit (in pounds) 2,000 2,500 3,200 2,400 2,700 3,400 The ending inventory for each month should be equal to 20% of the next month's production needs. Each vase requres one pond of day in its manufacture. Corporation of January 480 pounds of clay were in inventory How many pounds of clay would Victoria Corporation need to purchase in February@ O A. 2,840 O B. 3,620 O c. 2,940 O D. 2,660 has a policy that the inventory of clay at the end of each month needs to be equal to 20% of the production needs for the following month. At the beginning Click to select your answer.

Explanation / Answer

Material purchase in february = Material needs for production+desired ending inventory-beginning inventory

                                                 = 2700+(3400*20%)-(2700*20%)

Material purchase in february = 2840

so answer is a) 2840

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